wayr today India

Category: Startup

  • Info Edge Launches Rs 250 Cr Growth-Stage Fund to Back Indian Tech Startups

    This article was generated by AI and cites original sources.

    Info Edge, a prominent player in India’s startup investment landscape, has announced the launch of a new growth-stage investment fund totaling Rs 250 crore. The newly introduced B8 Fund-I will cater to later-stage companies, potentially extending its capital beyond the initial commitment.

    With existing early-stage investment platforms like Info Edge Ventures, Capital 2B, Redstart Labs, and direct investments, Info Edge has a solid foundation in supporting startups. The company has made notable investments in startups such as Gnani AI, Ixigo, Shiprocket, Zingbus, Truemeds, Zomato, and Policybazaar.

    The focus of the new fund will be on nurturing growth-stage, tech-enabled startups in India or those primarily serving the Indian market. As a Category II alternative investment fund approved by Sebi, the fund will operate for eight years post its initial closing.

    Last year, Info Edge shareholders greenlit an investment plan of up to Rs 1,000 crore in Info Edge Ventures’ third fund, showcasing a strategic move towards strengthening its startup investing platform in collaboration with Temasek, Singapore’s sovereign wealth fund.

    For the quarter ending December 31, Info Edge reported a rise in operating revenue to Rs 819 crore, accompanied by a 10% year-on-year increase in net profit to Rs 317 crore from Rs 288 crore.

    Source: Entrackr : Latest Posts

  • Unacademy Announces Rs 50 Crore ESOP Buyback for Employees

    This article was generated by AI and cites original sources.

    Unacademy, the online learning platform, has announced a Rs 50 crore ESOP buyback program for its employees. Founder Gaurav Munjal revealed that despite a lower valuation compared to the last fundraise, this initiative aims to reward employees with substantial payouts. Notably, eight employees are set to receive over Rs 1 crore each, while 17 will get more than Rs 50 lakh, and 38 will receive over Rs 10 lakh.

    Munjal emphasized the inclusivity of this program, stating that the company will reach out to all employees in the upcoming weeks to participate in the buyback opportunity. This decision acknowledges the contributions of Unacademy’s workforce and aligns with the company’s commitment to fostering a positive work culture.

    Source: Tech-Economic Times

  • Fire at Supertails’ Warehouse Highlights Inventory Management Challenges in Tech Supply Chains

    This article was generated by AI and cites original sources.

    A recent fire incident at Supertails’ Bengaluru warehouse has brought to light the critical importance of robust inventory management systems in technology-driven supply chains. The blaze led to the evacuation of all staff members on site and the complete destruction of the company’s inventory stored at the facility.

    Supertails, a petcare company, faced a significant setback due to the loss of its entire inventory. The reliance on advanced technology for inventory tracking and management is crucial for companies like Supertails to streamline operations, ensure efficient stock levels, and meet customer demands effectively.

    This unfortunate incident serves as a reminder of the vulnerability of physical assets even in the digital age. While technological advancements have revolutionized various aspects of business operations, traditional risks such as fire hazards continue to pose threats to companies.

    For industry professionals, the fire at Supertails’ warehouse underscores the ongoing need for a balanced approach that integrates technology with comprehensive risk management strategies to safeguard valuable assets in an ever-evolving business landscape.

    Source: Tech-Economic Times

  • Constelli Secures $20M Funding to Advance Electronic Warfare R&D

    This article was generated by AI and cites original sources.

    Defense technology startup Constelli has raised $20 million (approximately ₹182 crore) in a funding round led by General Catalyst, along with 360 ONE Asset and existing investor Pravega Ventures. The Hyderabad-based company, founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, specializes in advanced signal processing, radar systems, and electronic warfare solutions for aerospace and defense applications.

    With this new funding, Constelli aims to accelerate its research and development activities focused on enhancing electronic warfare and communication payloads across various platforms, including drones, ground systems, naval vessels, and satellites. The capital will also be used to establish infrastructure for rapid prototyping and initial production, enabling quicker deployment of operational systems.

    Constelli had previously raised $3 million in a pre-Series A round in 2025, bringing its total funding to $23 million (₹209.36 crore). The company collaborates with prominent organizations such as DRDO, the Indian Air Force, HAL, and BEL, and is also eyeing expansion into international markets like South Korea and Australia.

    The investment in Constelli comes amid growing investor interest in defense technology startups, driven by the Indian government’s emphasis on self-reliance in the sector. Initiatives like Defense Innovation Organisation’s iDEX, Make in India, and Aatmanirbhar Bharat Abhiyan are fostering partnerships between startups, armed forces, and industry players to propel India’s evolution from a major arms importer to a global defense manufacturing hub.

    Source: Inc42 Media

  • Indian Railways Unveils Tech Policy to Boost Startup-Led Innovation

    This article was generated by AI and cites original sources.

    The Indian Railways has introduced a dedicated tech policy to engage startups in developing solutions for the railway sector. Railway Minister Ashwini Vaishnaw unveiled this initiative, inspired by the defense ministry’s iDEX program, to encourage innovators, startups, and institutions to contribute their technological expertise to enhance railway operations.

    The core of this tech policy revolves around a new ‘Rail Tech portal’ that streamlines the proposal submission process for startups, eliminating complex procedures and enabling direct interaction with the Railways. Once a project receives approval, the ministry will provide up to 50% funding, with the promise of substantial long-term orders upon successful solution development.

    This policy shift emphasizes technology adoption over rigid vendor specifications, aiming to create an ecosystem that is transparent, digital-driven, and conducive to innovation. The Railways seeks to facilitate collaboration with startups, enhance scalability grants, and double the maximum grant for prototype development and trials, signaling a more supportive approach towards technological advancements in the railway industry.

    Source: Inc42 Media

  • Table Space Prepares for IPO in India’s Flexible Workspace Market

    This article was generated by AI and cites original sources.

    Table Space, a managed workspace startup founded in 2017, is preparing for an initial public offering (IPO) in India. The IPO is expected to include a fresh issue of shares valued at up to Rs 1,000 crore, as well as an offer for sale (OFS) component.

    Before the IPO, the company successfully raised Rs 200 crore in a pre-IPO round through private placement, a move approved at an extraordinary general meeting (EGM) last month.

    Financial filings with the Ministry of Corporate Affairs (MCA) reveal that the upcoming pre-IPO fundraising round represents 20% of the total fresh issue size, suggesting the fresh issue part of the IPO could be around Rs 1,000 crore.

    Table Space specializes in customized coworking spaces and has a capacity exceeding 10 million square feet, serving 290 unique clients across 7 cities, including Bengaluru.

    In FY25, Table Space reported revenue of over Rs 1,000 crore, a 50% year-on-year increase from Rs 906 crore in FY24. Excluding an exceptional item, the company’s profit surged nearly threefold to Rs 14.6 crore during the same period.

    Table Space reported an exceptional item of Rs 1,568 crore, stemming from a non-cash fair valuation loss on its CCPS-A instruments, which convert into equity just before a liquidation event or earlier with investor consent.

    Table Space will compete in the growing flex-workspace market in India, alongside established players like WeWork India Management, Smartworks Coworking Spaces, IndiQube Spaces, and Awfis Space Solutions, with WeWork India leading recent IPO activity in the sector.

    Source: Entrackr : Latest Posts

  • New-Age Tech Stocks Plummet Amid Market Volatility

    This article was generated by AI and cites original sources.

    New-age technology stocks faced a challenging week as market volatility led to a substantial decline in their value. A total of 54 new-age tech companies experienced a collective decrease of $15.9 billion in market capitalization, ending the week at $127.3 billion compared to $143.2 billion the previous week.

    Among the 54 companies, share prices of 39 plummeted by as much as 24%, with several hitting fresh lows, including Veefin Solutions, Awfis, Zaggle, Ola Electric, Smartworks, Pine Labs, WeWork India, MapmyIndia, Urban Company, and PhysicsWallah.

    Despite the general downward trend, 15 companies managed to see their stock prices rise between 0.11% and close to 29% during the February 23-27 period.

    Prominent companies like Groww, Paytm, Swiggy, and Eternal were not immune to the market downturn, with their share prices also taking a hit. In contrast, BSE SME-listed Zelio Mobility experienced a notable 28.92% surge, while Lenskart continued its upward trajectory, reaching a new all-time high.

    Key events during the week included Fino Payments Bank’s CEO Rishi Gupta’s arrest for alleged tax evasion and Capillary Technologies’ acquisition of Mastercard’s cloud-based loyalty and engagement platform Sessi by its step-down subsidiary.

    Source: Inc42 Media

  • Gushwork Secures $9M to Enhance AI-Powered B2B Marketing Platform

    This article was generated by AI and cites original sources.

    Gushwork, an AI-driven B2B marketing platform, has secured $9 million in funding, led by Susquehanna Asia VC. This investment round also saw participation from Lightspeed, B Capital, Seaborne Capital, Beenext, Sparrow Capital, and 2.2 Capital. The Bengaluru-based startup, founded in 2023 by Nayrhit Bhattacharya and Adithya Venkatesh, plans to use the funds to enhance product development, improve the precision of its AI agents, grow engineering teams, and expand go-to-market operations.

    Gushwork’s platform leverages Generative AI and human expertise to assist small and medium businesses (SMBs) and manufacturers in acquiring customers through AI-powered SEO strategies. The company reports that over 300 businesses worldwide are currently using its services, with an additional 800 on the waitlist. By combining AI capabilities with human touchpoints, Gushwork ensures that business websites receive visibility when potential buyers seek information on platforms like ChatGPT, Gemini, and Google.

    Customers using Gushwork typically see around 10-15 qualified sales inquiries per month by the third or fourth month, resulting in a substantial return on investment. The startup states that 80% of its clients observe a significant increase in website impressions and inbound leads within two months of deploying the platform. Operating on a subscription model, Gushwork’s pricing ranges from $800 to $2,500 per month based on the managed pages, with plans to introduce performance-linked variable pricing alongside subscriptions in the future.

    Source: Entrackr : Latest Posts

  • Lemnisca’s Digital Twin Platform Enhances Biotech Scalability

    This article was generated by AI and cites original sources.

    In the biotech industry, where the demand for biologics and biosimilars is surging, Lemnisca has introduced a novel approach to address the challenges faced by manufacturers in scaling up production.

    By integrating a software solution with in-house wet lab capabilities, Lemnisca leverages data to enhance the precision of its digital twin platform. This strategy represents a significant advancement in the bioprocessing industry, reshaping the way businesses recreate life’s fundamental building blocks.

    The global bioprocessing sector is on a remarkable growth trajectory, projected to reach $228.73 billion by 2033. The escalating need for bio-based materials across various sectors has catalyzed India’s bio-economy, witnessing a substantial 16-fold increase to $165.7 billion in the last decade.

    Recognizing the immense potential in biotech, Lemnisca’s founders, Pushkar Pendse and Shilpa Nargund, identified the critical gap between laboratory experiments and large-scale production. Their digital twin platform for fermentation is poised to empower biotech manufacturers to elevate bioprocesses to an industrial scale, enhancing the accessibility and affordability of biotech products.

    This strategic approach by Lemnisca aligns with the global trend towards more efficient and scalable bioprocessing solutions, paving the way for a transformative impact on the industry’s landscape.

    Source: Inc42 Media

  • Innoviti Secures ₹104 Cr in Series M Funding Round to Enhance Growth

    This article was generated by AI and cites original sources.

    Fintech company Innoviti has successfully closed its Series M funding round, raising ₹104 Cr ($11.4 Mn) from a mix of new and existing investors. The funding will be used to pay off debts, enhance product development, and boost sales and distribution efforts. Bessemer Venture Partners and Patni Family Office are among the key investors who participated in this round.

    Innoviti has reported a reduction in pre-tax and EBITDA losses for the current fiscal year, indicating improved operational efficiency. The company has also extended its IPO timeline, planning to file IPO papers with SEBI within the next 18-24 months. Despite the delay, Innoviti remains focused on business growth and execution.

    With a strong revenue performance in the previous fiscal year and ongoing efforts to streamline operations, Innoviti is poised for further expansion and market presence. The company’s commitment to financial stability and growth aligns with its strategic goals, setting a solid foundation for future success.

    Source: Inc42 Media